INTRODUCTION There has been so much euphoria with regard to Indian E-commerce story and is on track to become the world�s fastest growing e-commerce market. This growth story is being driven by robust investment activity by VCs, Angels and the ..
Black money refers to funds earned on which income and other taxes have not been paid. This money is largely accumulated from: 1. Lower income declared by Businessman in Income tax returns. 2. Money of Politicians & Government official creat ..
�Look Who�s here !! Mr. Desai, Good to see you.� said Mr. Suren Mehta, a retired banker. He was sitting with few other friends, Mr. Ajit Khanna and Mr. Rajat Ghosh, in a park as their daily routine in retirement days. He suddenly s ..
Goods & Service Tax (GST) is a regime of Uniform Tax. A regime in which multiple indirect taxes will be the talk of past and indirect taxes will be subsumed in GST. A. Taxes to be Subsumed in GST The following taxes will be subsumed under ..
Almost all tax statutes provide for first appeal against any tax demand or assessment order, to an officer of the same department, assigned the role of an appellate authority who is supposed to be a quasi-judicial authority, in the sense that despit ..
Five rare benefits of filing regular �Income Tax Returns� What is the benefit of filing income tax return? this is the first question when a client ram into the office of a CA or Tax lawyer . Genera ..
This is the story of 2 friends viz Amar and Rakesh. Both were from middle-income family backgrounds. Both joined same company at the same salary level of around Rs. 23,000 p.m. We all have heard the story of a hare and tortoise wherein the hare wa ..
After coming back from my weeklong travel for work, I resumed morning walk at our condominium�s park in Gurgaon. Fully grown magnolia trees with white waxy flowers, flat trimmed bushes, green grass that had recently undergone horticulture main ..
MENS REA IS A PRE REQUISITE TO PROVE ATTEMPT TO ..
FOREWARD The Union Budget for 2014-15 was presented by the Finance Minister of India in the Parliament on July 10, 2014 amidst enormous expectations from the taxpayers and investor community at large to usher in the non-adversarial� tax regime ..
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